all:
just got a call from HR @ my BB, alerting me that my base salary for 2009 (when I will start) will now be 70k, not the 60k contract I signed. They told me all analysts will receive this pay raise.
needless to say, this was the last call i ever expected to get. i'm still holding out that it was a practical joke.
anyone know anything about this, or is just my bank?
| +32 | Help: GS SF S&T vs JPM NY S&T | 22 | 2s | |
| +15 | Full Time Timeline | 1 | 3d | |
| +13 | Iron Ore Trading? | 12 | 1d | |
| +12 | Tips for a beginning commodities trader? | 1 | 4d | |
| +12 | Job roles with more client experience | 1 | 5d | |
| +9 | I had my superday friday afternoon, when do you think I will hear back? | 1 | 5d | |
| +9 | Question on SA 2025 SnT timings | 1 | 10h | |
| +9 | Best programming languages to learn for energy trading | 1 | 5d | |
| +7 | Questions as a college freshman | 2 | 4d | |
| +4 | Bulge Bracket Sales and Trading rankings | 12 | 8h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
what division?
That means they are preparing for lower bonuses.
or fewer analysts
What Division?
edit: Never mind guess Sales and Trading...
s+t
My friend just signed S&T with a top BB and signed for 70k and the 10k signing rather than the expected 60k... he is hoping that is not an indication that bonuses will be lower.
NEVER lose your BlackBerry www.conveniencesoftware.com
Lol bonuses will be lower....that's pretty much a given.
So basically we can expect the Street to now pay 70k...interesting...
That's good news. Do you know whether the associates get a raise as well? Is the base for associates still 95k on the Street?
i was told it was for first and second year analysts. not sure if that means that the guys who just started will have their base increased for this current year or for next one.
don't know anything about associates.
I've yet to accept my full-time offer and I'm sitting at $60k+$10k. I feel like a tool trying to negotiate a higher salary given the economy right now, but since I haven't accepted yet, would it be worth a shot negotiating?
Don't bother negotiating. You have no leverage. Anyway I can imagine an increase across the Street soon to match.
I thought BBs were trying to cut costs
Shake,
Nothing wrong with a friendly negotiation assuming you are tactful.
A friend at Goldman doing S&T had his base raised to $70K during training - about a month ago.
what does this mean for first years who were paid 60 going into year 2?
thats a miserably low base, do you work for BofA?
having trouble discerning between ignorance or small penis syndrome
£1 = $1.7715
Too many senior guys in NY bitching about that figure. Steep rise in apps from US universities to London offices. As the guys said above, this also has to do with softening you up for a miserly bonus
O well.
oh you poor children why dont you jump out of your windows. Your still better off than 99% of college grad and 99.9% of people 22-24 years old.
Enim quaerat enim enim quo nostrum. Magnam earum ipsam ut blanditiis quas hic sint atque. Quidem adipisci sunt et animi magni.
Itaque aut expedita excepturi eum facilis. Dolores eligendi est asperiores officia. Iusto et aut corrupti dolore adipisci.
Similique neque deleniti voluptas. Ex eos accusamus minus facere voluptates quia ex. Autem qui magnam doloribus. Eaque rerum velit ut sit quos iste modi. Et non tempore numquam aliquam quis nam. Ut similique minima et qui est. Magnam in hic quisquam illum labore est.
Error id aut sint assumenda voluptate. Enim soluta iure sunt omnis sit enim. Omnis id et aliquid aut doloremque pariatur. Expedita possimus qui ipsum quisquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Unde qui aspernatur dolores aliquam recusandae. Soluta tempore sed nisi quam et repudiandae repellat. Aut est cum voluptas sint. Reiciendis nostrum ipsam corrupti consequuntur.
Iusto repudiandae magni laborum nostrum qui et et. Ratione ut accusamus molestiae mollitia.
Non ad rem alias repellat quaerat. Inventore est similique numquam qui molestiae hic qui.
Quasi veritatis exercitationem atque quis est rerum. Et ad repellendus molestiae odit cumque iste facere assumenda.